student loan

More than 60 Democratic lawmakers, led by Sen. Elizabeth Warren (D-Mass.), urged Education Secretary Linda McMahon on Sunday to provide student debt relief to eligible borrowers and halt plans to transfer defaulted student-loan accounts to the Treasury Department. The lawmakers called on the...

Senator Elizabeth Warren (D-Mass.) said the Government Accountability Office (GAO) is launching an investigation into the Trump administration’s transfer of Education Department programs to other federal agencies, including a review of student loan default collections being moved to the...

Student loan borrowers who take out new federal loans or consolidate existing debt after July 1 could face fewer repayment and loan-forgiveness options under changes enacted through President Donald Trump‘s One Big Beautiful Bill Act. Financial planners and student loan experts told CNBC that...

Federal student loan interest rates in the U.S. are expected to rise slightly for the 2026-27 academic year, according to an analysis shared with CNBC on Tuesday by higher education expert Mark Kantrowitz. The projected increase would apply to federal student loans issued between July 1, 2026, and...

More than 7 million U.S. student loan borrowers will be required to choose new repayment plans after a federal court struck down the Biden-era SAVE program. The U.S. Department of Education said borrowers enrolled in the SAVE plan have been in forbearance since July 2024. Loan servicers will begin...

Federal tax bills on most student loan forgiveness will return in 2026, ending a five-year window of tax-free relief and raising the risk of a student loan tax bomb for borrowers whose balances are wiped out after Dec. 31, 2025. Pandemic Relief Law's Temporary Tax Break Sunsets The American Rescue...

Two lawsuits led by Democrat-ruled states were filed on Monday against the Trump administration over a new Education Department regulation that narrows which employers qualify for the Public Service Loan Forgiveness program, with plaintiffs arguing the policy violates free-speech protections and...

The Trump administration is moving to "prevent benefits" for some student loan borrowers in the Public Service Loan Forgiveness program, proposing to cut off relief for workers at employers deemed to have a "substantial illegal purpose," according to a federal notice published Monday. New Trump...

The student loan policies of the Trump administration, backed by Congressional Republicans, could pose a significant risk to the U.S. economy, potentially overshadowing concerns about Trump’s tariff policies, according to an expert. What Happened: The student loan debt in the U.S. stands at...

Sen. Elizabeth Warren (D-Mass.) warned Tuesday that millions of borrowers face "a financial scarlet letter" as the Trump administration ends a five-year pause and restarts collections on defaulted federal student loans. What Happened: The policy, announced May 5, allows the Education Department to...

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who have been unable to pay their student loans, as per a department spokesperson. What Happened: The U.S. Department of Education has put a hold on its plan to...

Retirees who have defaulted on their student loans may see a reduction in their Social Security checks from June. This is a result of the U.S. Department of Education’s decision to recommence involuntary collections on defaulted student loans, including garnishing wages, intercepting tax...

House Republicans unveiled legislation on Monday aimed at overhauling the federal student loan system, promising over $330 billion in savings while supporting President Donald Trump‘s tax cut extension agenda. What Happened: Education and Workforce Committee Chairman Tim Walberg (R-MI)...

President Joe Biden has unveiled a new initiative to forgive $4.5 billion in student loans for over 60,000 borrowers through the Public Service Loan Forgiveness (PSLF) program. This move significantly increases the total number of public service workers benefiting from loan forgiveness under the...

“Shark Tank” investor Kevin O’Leary has expressed strong disapproval of President Joe Biden‘s recent student debt cancellation initiative, calling it “completely unfair.” What Happened: O’Leary voiced his sentiments on Wednesday during a segment on...